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Stock impact report

PennantPark Investment Corporation (PNNT): A Steady Performer in the BDC Space [Yahoo! Finance]

PennantPark Investment Corporation (PNNT) 
Last pennantpark investment corporation earnings: 2/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: pennantparkinvestment.mwnewsroom.com
Company Research Source: Yahoo! Finance
PennantPark Investment Corporation (PNNT): A Steady Performer in the BDC Space Image by Steve Buissinne from Pixabay PennantPark Investment Corporation (NYSE:PNNT) is a business development company that invests in mid-sized firms — the kinds that typically don't receive much attention from traditional banks. Because of that, it's often able to secure higher returns on the loans it issues. By the end of June, marking the close of its fiscal third quarter, the company said its debt investments were pulling in an average yield of about 10.4%. What really sets PennantPark Investment Corporation (NYSE:PNNT) apart, though, is how its portfolio is built. Nearly every loan it makes — roughly 99% — comes with a variable rate. That worked out perfectly when the Federal Reserve started hiking interest rates from early 2022 through mid-2023 to fight inflation. As rates climbed, PennantPark's returns jumped more than five full percentage points. Now that the Fed has started easing up, it's Show less Read more
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